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Advantages/Disadvantages of Owning Your Own Business

Advantages/Disadvantages of Owning Your Own Business

When planning on starting anew business there are a great deal of things to consider. Once you do, there can be many pros and cons. Below, discusses some of the advantgaes and disadvantages of being an entreprenuer.

Advantages

  • You are your own boss
  • Leading others
  • Forming strong relationships with customers/clients
  • Gratification of accomplishing success and watching the business grow

Disadvantages

  • Risk of failure
  • Long, long hours
  • Risk of being sued
  • Strict record keeping and attention to detail are a must

While interning with Darci, I was able to experience what it’s like to own your own business. I saw the positive side of owning your own business when customers would come in and rave about how much they loved her and her products. However, I also saw the negative side when she would come in exhausted and stressed out. Owning a business isn’t for everyone. It’s for those who are driven, ambitious, and dedicated to doing what they truly love.